Comerica Bank Grows Position in Federal Signal Corporation $FSS

Key Points

• Comerica Bank increased its holdings in Federal Signal Corporation to a total of $9.50 million, representing a 5.1% rise in shares this quarter with a ownership stake of 0.21%.
• Federal Signal reported a quarterly earnings per share (EPS) of $1.17, surpassing analysts' expectations of $1.06, along with revenue growth of 15.1% year-over-year.
• The company plans to pay a quarterly dividend of $0.14 on August 28th, which indicates an annualized dividend yield of 0.4% and a dividend payout ratio of 15.60%.

Comerica Bank boosted its holdings in Federal Signal Corporation (NYSE:FSS - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,142 shares of the conglomerate's stock after buying an additional 6,272 shares during the period. Comerica Bank owned approximately 0.21% of Federal Signal worth $9,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FSS. Opal Wealth Advisors LLC purchased a new stake in Federal Signal in the 1st quarter worth approximately $29,000. Bessemer Group Inc. lifted its stake in Federal Signal by 78.4% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate's stock worth $31,000 after purchasing an additional 185 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Federal Signal by 201.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 658 shares of the conglomerate's stock worth $48,000 after purchasing an additional 440 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Federal Signal by 19.9% in the 4th quarter. CoreCap Advisors LLC now owns 875 shares of the conglomerate's stock worth $81,000 after purchasing an additional 145 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Federal Signal by 16.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,119 shares of the conglomerate's stock worth $82,000 after purchasing an additional 162 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Down 3.3%

Shares of NYSE:FSS traded down $4.14 during trading on Monday, reaching $122.82. 408,992 shares of the company traded hands, compared to its average volume of 512,214. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 2.19 and a beta of 1.32. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $116.79 and its 200-day moving average is $96.55.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.11. The firm had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.The business's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. As a group, analysts forecast that Federal Signal Corporation will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. Federal Signal's payout ratio is 15.60%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FSS shares. DA Davidson increased their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. KeyCorp reissued a "sector weight" rating on shares of Federal Signal in a research note on Friday, July 11th. Raymond James Financial boosted their price target on shares of Federal Signal from $120.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Federal Signal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, CJS Securities reissued a "market perform" rating and issued a $125.00 price target on shares of Federal Signal in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Federal Signal presently has an average rating of "Hold" and a consensus price target of $123.00.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.